Ashwani Gujral of ashwanigujral.com said, "Sugar has done very well. So, Shree Renuka Sugar is a buy with a stop of Rs 21 and target of Rs 25. Ramco System is a buy with a stop of Rs 420 and target of Rs 445."

"Agricultural commodities seem to be doing very well globally. KRBL is a buy with a stop of Rs 455 and target of Rs 480. Hindalco Industries is a buy with a stop of Rs 215 and target of Rs 230. Blue Star is a buy with a stop of Rs 700 and target of Rs 725," he added.

Gujral said, "Axis Bank will be a sell in case we start going below say Rs 528-530. Initially you will have some sell off because people went long into the results, but what you have to see is, post this early morning dip, can it come back and take highs out? My sense is it could because what is new that is being declared and once news is out, it loses its value."

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